Glossary: T

A qualifying security is a security that is traded on a recognized stock exchange. The donation of a qualifying security is eligible for a tax receipt.

A non-qualifying security is, generally, a security where the owner of the security (e.g. a shareholder) is not at arm's length with the issuer of the security (e.g. a private company).  A charity can issue a tax receipt to the donor of a non-qualifying security in some circumstances.  The charity should get professional (legal, accounting or tax) help when someone intends to make this kind of gift.

• Tangible property (property that a person can touch)
  • real property (land and attached buildings)
  • capital property (property that is purchased with the intention of holding or using it, rather than reselling it)
    • depreciable property (property that is expected to be used, generally in a business, over a number of years)
    • personal use property (property generally used by a person, not in a business context)
      • listed personal property (specifically identified property that is expected to increase in value over time, such as various types of collections)
      • other personal use property
    • other capital property
  • non-capital property (inventories of goods held for resale)

• Intangible property (that is, property that has no physical form)
  • securities and investments
    • qualifying securities (generally, securities that are traded on a stock exchange)
    • non-qualifying securities (securities that are not traded on a stock exchange)
  • interests in tangible property
    • leasehold interests (the right to possess and use a property for a period of time, through a lease)
    • residual interests (the remaining rights to a property after the current owner continues to possess and use it; these rights are usually created in a will)
  • intellectual property (trademarks, patents, licenses, and so on)
  • other legal rights and intangibles